vat audit applicability


Payment of Wages by cheque or crediting to bank accounts

The present wage limit for applicability of the provisions of the Payment of Wages Act 1936 is Rs 18 000 per month The Act has been amended by Payment of Wages Amendment Act 2017 effective from 28 12 2016 to enable the employers to pay wages to their employees by a cash or b cheque or c crediting to

Invitation to contribute question bank for Information system audit

Announcement Invitation for contributions to Question Bank in respect of Information System Audit Assessment Test ISA AT New Syllabus Information Systems Audit is a post qualification course meant for the members of the Institute Members who are registered for the course are required to appear and p

Applicability of GST in Nov 2017 CA Examinations

Students appearing in November 2017 Intermediate IPC Examination may note that Goods and Services Tax GST will not be examined in Part II Indirect Taxes of Paper 4 Taxation Therefore students are advised to start studying the existing indirect tax laws as covered in the syllabus of Part II of this p

Guidance Note on Audit of Banks 2017 released

Guidance Note on Audit of Banks 2017 edition issued by the Auditing and Assurance Standards Board The Auditing and Assurance Standards Board of the ICAI has today issued the Guidance Note on Audit of Banks 2017 edition For the benefit of the members complete text of the Guidance Note and the content

CS June 2017 examination enrolment details

Attention Students Examination Enrolment June 2017 session We wish to inform that online examination enrolment for June 2017 session has been activated and would like to bring to your notice that the last date for submission of examination form without late fee is 25th March 2017 Further the last da

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Experts Opinions

Regarding new syllabus applicability

Sir I have passed IPCC group 1 in Nov 2016 I heard that for old students institute give only 2 to 3 attempts to cleared exams in old syllabus for old students if I am not able to 2nd group within attempts given by institute can I again start writing exams from group 1 pls suggest me I am so confusin

Audit turnover limit

Dear Respected Members Please tell is the limit of audit increase 2 crores in after budget or the this limit is only increased for those file under 44ad or for everyone

Derivatives turnover

One of my clients who is non resident received a notice for non filing of return for fy 2013 14 He was trading in options futures He was not maintaining books of a cs My question is whether i need to follow the procedure while calculating turnover as mentioned in guidance note to tax audit issued by

Know transaction with vat rate

Hello We have close our business and sale our fix asset to X Third party and X resale to us in our new company this is one type of asset transfer transaction please help for transaction and VAT effect in this transaction we are in Gujarat Thank you

Registration under mvat and service tax read more at: http:/

I am engaged in providing service of fitting aluminum frame for windows doors on contract basis I as well sell the aluminum section required for framing windows doors When would I be liable for registration under MVat and Service Tax Under MVat and Service Tax can I claim composite schemes My turnov


Query for vat related

Dear Sir I am accountant for Pvt Firm THis Firm business is catering business also a composition dealer for outdoor catering service So please MVAT calcualtion and rate of vat

Appointment of auditor

An individual CA be a member of an CA firm may be big4 who worked as statutory Auditor of particular company and the same person running another CA firm In Partnership and maintain books of accounts for the same company in the name of Partnership farm which audited by big4 CA firm Is any individual

Audit risk

Can Audit Risk be quantified in monetary terms

Vat on sale of vehicles


Fla return of rbi by private limited

A private limited Co has outsourced its IT business in US and received benefits and paid for such services in the foreign currency Do the company need to file FLA return of RBI as it is for disclosure of FDIs done or received by any company Or is there any other compliance the company needs to fulfi

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Cenvat credit on deposits insurance - Banks v/s Departments

Introduction Banks are registered under service tax in the category of Banking and Financial Services They collect and pay service tax on its various incomes such as commissions bank charges documentation charges processing fees etc levied on its customers However one of the major revenue earned by

Restriction on Transfer of shares in Private Companies

A private company is defined as a company which by its articles Restricts transfer of its shares in prescribed manner Prohibits invitation to public to subscribe for its shares Limits its members to 50 now 200 and Prohibits acceptance of deposits from public other than members Therefore a private co

Auditing & professional Ethics preparation and presentation techniques

Auditing subject is most unpredictable subject in CA curriculum After writing exam we cant even fairly estimate the marks like Accounts Costing etc Auditing is the most difficult subject in terms of uncertainty of what to study and how to study because the syllabus is not clear cut Here I provided s

Motivation - "I can and I will"

No motivation to study The lack of motivation is one of the heaviest barriers to success in CA Exams There can be various reasons at various point of the situation which can be like If someone has cleared single group then he she may feel like Ab to ho jaega i e more chilling approach If someone has

An Overview of Guidance note on Accounting for derivative Contracts

An Overview of Guidance Note on Accounting for Derivative Contracts Applicable from April 1 2016 Accounting treatment for derivative contracts was earlier covered by AS 30 31 32 which was withdrawn in March 2011 owing to revision in IAS 39 Financial Instruments Recognition and measurement issued by

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Updated on : 3/24/2017 3:42:09 AM

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